NEW YORK (

TheStreet

) -- Shares of

Research in Motion

(Nasdaq:

RIMM

) were gapping down Friday morning with an open price 10.8% lower than Thursday's closing price. The stock closed at $64.09 Thursday and opened today's trading at $57.19.

The average volume for Research in Motion has been 9.9 million shares per day over the past 30 days. Research in Motion has a market cap of $32.4 billion and is part of the

technology

sector and

telecommunications

industry. Shares are up 6.9% year to date as of the close of trading on Thursday.

Research In Motion Limited designs, manufactures, and markets wireless solutions for the worldwide mobile communications market. The company has a P/E ratio of 10.7, equal to the average telecommunications industry P/E ratio and below the S&P 500 P/E ratio of 16.

TheStreet Ratings rates Research in Motion as hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and notable return on equity. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and weak operating cash flow. You can view the full

Research in Motion Ratings Report

.

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